What Does Wall Street See for ONEOK Partners' Q2?
ONEOK Partners (NYS: OKS) is expected to report Q2 earnings on July 31. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict ONEOK Partners' revenues will improve 4.8% and EPS will grow 6.0%.
The average estimate for revenue is $2.92 billion. On the bottom line, the average EPS estimate is $0.71.
Revenue details
Last quarter, ONEOK Partners recorded revenue of $2.59 billion. GAAP reported sales were 3.8% higher than the prior-year quarter's $2.50 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
Last quarter, EPS came in at $0.91. GAAP EPS of $0.91 for Q1 were 57% higher than the prior-year quarter's $0.58 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Recent performance
For the preceding quarter, gross margin was 16.2%, 300 basis points better than the prior-year quarter. Operating margin was 9.9%, 280 basis points better than the prior-year quarter. Net margin was 9.2%, 320 basis points better than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $11.19 billion. The average EPS estimate is $2.93.
Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 648 members out of 663 rating the stock outperform, and 15 members rating it underperform. Among 241 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 236 give ONEOK Partners a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on ONEOK Partners is hold, with an average price target of $59.59.
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The article What Does Wall Street See for ONEOK Partners' Q2? originally appeared on Fool.com.
Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no positions in the stocks mentioned above. Motley Fool newsletter services recommend ONEOK Partners, L.P. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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